TRUE Options History — July 2014

In July 2014, TRUE traded between $12.38 and $15.04. ATM implied volatility averaged 77.3%. The 30-day expected move averaged 22.6%. Max pain ranged from $5.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.50.

Notable Days

  • 2014-07-23: Highest Volume — 1,088 contracts
  • 2014-07-10: Largest IV spike — 17.8% change
  • 2014-07-29: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.59$12.38$15.04$14.50$13.57
Max Pain$11.70$5.00$15.00$12.50$12.50
ATM IV77.3%64.9%85.6%65.2%84.0%
Expected Move22.6%18.7%24.5%18.7%24.1%
Term Structure-4.2%-10.5%14.0%5.0%-10.1%
VWIV80.3%64.0%95.4%77.2%82.4%
Skew 25d6.5%-8.8%28.4%9.0%0.9%
Skew 10d15.3%-9.7%49.3%18.4%-5.2%
Call IV 25d75.9%55.3%88.5%58.1%82.4%
Put IV 25d82.4%67.1%95.1%67.1%83.3%
Bid-Ask Spread %86.8980.1696.1190.6992.04
Gamma HHI0.520.310.750.730.45
Net GEX21.1K5.9K53.4K17.9K53.4K
Net DEX-1.2M-2.7M-584.5K-807.6K-2.7M
Net VEX-5.9K-11.1K-2.9K-2.9K-11.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.500.0018.300.5718.30
Total Volume284.409151,088741,081
Total OI2,685.6361,4514,6801,4514,680

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$14.50$12.5065.2%18.7%0.0%0.0%77.2%9.0%5.0%17.9K-807.6K-2.9K0.5790.69N/AN/A47271,066385
2014-07-02$14.51$12.5066.9%19.2%0.0%0.0%67.1%12.0%2.8%18.1K-841.5K-3.0K0.1495.47N/AN/A209301,108412
2014-07-03$15.04$12.5067.7%19.4%0.0%0.0%64.0%28.4%14.0%23.1K-1.1M-3.4K1.3996.11N/AN/A36501,263442
2014-07-07$14.63$15.0065.1%21.8%0.0%0.0%74.8%1.9%-2.7%24.6K-1.0M-3.3K0.0784.82N/AN/A1411,299486
2014-07-08$14.30$15.0070.1%22.5%0.0%0.0%81.0%14.4%-7.8%21.2K-798.4K-3.3K0.1885.87N/AN/A110201,299487
2014-07-09$14.39$15.0064.9%22.4%0.0%0.0%79.0%3.3%-6.4%23.6K-883.9K-3.3K0.5086.09N/AN/A100501,304479
2014-07-10$13.45$5.0076.4%21.9%0.0%0.0%76.3%-6.1%-5.7%19.4K-726.2K-3.1K0.1585.16N/AN/A570861,397529
2014-07-11$13.27$5.0078.8%22.6%0.0%0.0%83.8%1.1%-5.5%11.7K-953.4K-4.4K1.2080.16N/AN/A50601,793615
2014-07-14$13.40$10.0085.2%24.4%0.0%0.0%0.0%7.5%-1.7%10.9K-1.1M-4.2K7.6392.89N/AN/A8611,793675
2014-07-15$13.15$10.0083.2%23.9%0.0%0.0%82.3%1.9%-10.5%8.6K-888.7K-4.5K0.0587.15N/AN/A200101,793730
2014-07-16$13.07$10.0079.5%22.8%0.0%0.0%78.7%10.5%-5.9%12.1K-1.0M-4.7K1.1986.54N/AN/A911081,993730
2014-07-17$12.38$10.0079.2%22.7%0.0%0.0%76.7%-8.8%-8.0%5.9K-646.6K-4.5K10.5685.50N/AN/A181901,957774
2014-07-18$12.41$12.5082.2%23.6%0.0%0.0%78.0%0.3%-8.6%12.5K-628.3K-4.6K1.3986.12N/AN/A821141,956758
2014-07-21$12.51$12.5079.9%22.9%0.0%0.0%79.7%8.9%-4.4%7.7K-584.5K-4.4K0.0086.75N/AN/A55501,413659
2014-07-22$13.00$12.5080.6%23.1%0.0%0.0%94.1%12.0%-4.5%14.7K-1.0M-6.4K0.4082.29N/AN/A25101,929659
2014-07-23$13.48$12.5077.7%22.3%0.0%0.0%76.8%3.3%-1.6%17.1K-1.2M-6.5K0.0381.74N/AN/A1,058301,952669
2014-07-24$13.40$12.5080.9%23.2%0.0%0.0%81.5%2.7%-3.2%27.4K-1.8M-10.2K7.1885.20N/AN/A171222,987699
2014-07-25$13.58$12.5081.4%23.3%0.0%0.0%83.2%3.2%-4.2%27.7K-1.9M-10.3K4.0087.45N/AN/A5202,995739
2014-07-28$13.79$12.5081.8%23.4%0.0%0.0%89.6%2.9%-5.9%29.2K-2.0M-10.4K0.0185.67N/AN/A19213,000759
2014-07-29$13.42$12.5085.6%24.5%0.0%0.0%85.1%10.8%-9.3%32.1K-2.0M-10.3K0.1087.11N/AN/A521523,192759
2014-07-30$13.80$12.5084.6%24.3%0.0%0.0%95.4%22.4%-9.3%45.6K-2.7M-11.1K0.0080.82N/AN/A22603,710760
2014-07-31$13.57$12.5084.0%24.1%0.0%0.0%82.4%0.9%-10.1%53.4K-2.7M-11.0K18.3092.04N/AN/A561,0253,920760